Pathstone Family Office LLC Raises Position in Nucor Co. (NYSE:NUE)

Pathstone Family Office LLC increased its holdings in shares of Nucor Co. (NYSE:NUEFree Report) by 268.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,419 shares of the basic materials company’s stock after acquiring an additional 10,506 shares during the period. Pathstone Family Office LLC’s holdings in Nucor were worth $2,255,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in Nucor in the first quarter worth about $48,000. Synovus Financial Corp raised its holdings in Nucor by 150.6% in the first quarter. Synovus Financial Corp now owns 7,198 shares of the basic materials company’s stock worth $1,067,000 after buying an additional 4,326 shares during the last quarter. Sei Investments Co. raised its holdings in Nucor by 106.2% in the first quarter. Sei Investments Co. now owns 35,889 shares of the basic materials company’s stock worth $5,328,000 after buying an additional 18,488 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Nucor in the first quarter worth about $284,000. Finally, Brighton Jones LLC purchased a new position in Nucor in the first quarter worth about $222,000. Institutional investors own 77.76% of the company’s stock.

Insider Activity at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 5,500 shares of Nucor stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $186.37, for a total value of $1,025,035.00. Following the completion of the transaction, the executive vice president now directly owns 85,326 shares of the company’s stock, valued at approximately $15,902,206.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Kenneth Rex Query sold 5,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $186.37, for a total value of $1,025,035.00. Following the completion of the sale, the executive vice president now owns 85,326 shares in the company, valued at approximately $15,902,206.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Leon J. Topalian sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $176.28, for a total transaction of $2,644,200.00. Following the completion of the sale, the chief executive officer now owns 140,558 shares of the company’s stock, valued at approximately $24,777,564.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,330 shares of company stock valued at $13,672,548. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NUE. UBS Group began coverage on shares of Nucor in a report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Nucor from $151.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, December 12th. Morgan Stanley decreased their price objective on shares of Nucor from $162.00 to $154.00 and set an “equal weight” rating for the company in a report on Tuesday, October 31st. Finally, StockNews.com raised shares of Nucor from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $174.43.

Read Our Latest Research Report on NUE

Nucor Stock Performance

Shares of NYSE NUE opened at $186.54 on Friday. The firm has a fifty day moving average price of $173.81 and a 200-day moving average price of $164.53. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.57 and a quick ratio of 2.35. The stock has a market cap of $45.86 billion, a PE ratio of 10.37 and a beta of 1.61. Nucor Co. has a 1 year low of $129.79 and a 1 year high of $190.96.

Nucor (NYSE:NUEGet Free Report) last announced its quarterly earnings data on Monday, January 29th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.33. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Nucor had a net margin of 13.03% and a return on equity of 21.42%. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.89 earnings per share. Equities analysts anticipate that Nucor Co. will post 12.53 earnings per share for the current fiscal year.

Nucor Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, December 29th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.16%. This is a boost from Nucor’s previous quarterly dividend of $0.51. The ex-dividend date was Thursday, December 28th. Nucor’s dividend payout ratio (DPR) is presently 12.01%.

Nucor Profile

(Free Report)

Nucor Corporation engages in manufacture and sale of steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products.

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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